Chiloquin, Oregon Property Taxes
The median property tax rate in Chiloquin, OR is 0.69%, which is lower than both the national median of 0.99% and the Oregon state median of 0.86%. With a median home value of $101,180 in Chiloquin, the typical annual property tax bill amounts to $831, significantly below the national median of $2,690. Property taxes in Chiloquin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Chiloquin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chiloquin or another part of Klamath County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chiloquin, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$698
$648
Ownwell’s Chiloquin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chiloquin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chiloquin to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Chiloquin, Oregon
Property taxes in Chiloquin, Oregon, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chiloquin is 0.69%, lower than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Chiloquin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chiloquin estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Chiloquin's effective property tax rate to other counties in Oregon and the national median. For comparison, the 97624 zip code has the highest median property tax rate of 0.69%, while the 97624 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Chiloquin provides valuable insights into the varying tax landscape across Klamath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chiloquin Tax Rate
0.69%
Average Klamath County Tax Rate
0.72%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chiloquin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97624 | 0.37% | 0.47% | 0.69% | 0.97% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Chiloquin, Oregon
In Chiloquin, Oregon, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Klamath County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Chiloquin, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the highest median tax bill in the area is $831.00 in the 97624 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Chiloquin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chiloquin Assessed Value
$101,180
Average Klamath County Assessed Value
$184,440
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chiloquin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97624 | $18,801 | $40,878 | $101,180 | $260,445 | $475,028 |
Source: Ownwell
Property Tax Bills Across Chiloquin, Oregon
In Chiloquin, located in Klamath County, OR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the county assessor and can differ significantly from the market value. Homeowners in Chiloquin can expect property tax bills to vary widely depending on the assessed value of their property. For instance, tax bills range from the 25th percentile at $319 to the 75th percentile at $1,502, with the 90th percentile reaching up to $2,273. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The median home price in Chiloquin is $101,180, which helps contextualize the tax rates. Compared to the national median property tax rate of 0.99%, Chiloquin offers a relatively affordable property tax environment. However, the impact on homeowners can still be significant, particularly for those at the higher end of the tax bill spectrum. Understanding these factors is crucial for homeowners planning their finances.
Average Chiloquin Tax Bill
$831
Average Klamath County Tax Bill
$1,333
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Chiloquin, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97624 | $149 | $319 | $831 | $1,502 | $2,273 |
Source: Ownwell